Poland

Polish CPI growth surprisingly eases to 4.4% y/y in June, flash estimate shows

Wojciech Kosc in Warsaw July 1, 2021

Inflation is set to remain elevated throughout 2021, analysts say, but central bank is not expected to take action until at least the end of the year.

bneGREEN: Hydro’s elderly turbines need fresh investment to contribute to net zero

Richard Lockhart in Edinburgh June 30, 2021

Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.

Under half of emerging Europe economies to achieve full recovery in 2021

bne IntelliNews June 29, 2021

EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.

MITTELEUROPEAN INSIGHTS: Czech and Hungarian central banks in sync in 2021 but longer term CNB to outpace MNB

Gunter Deuber of Raiffeisen Research in Vienna June 25, 2021

This week the Czech National Bank increased its key interest rate for the first time in the last 16 months, while the Hungarian National Bank did so for the first time in the last 10 years.

bneGREEN: Most green energy beats coal on price in 2020

Richard Lockhart June 24, 2021

162 GW, or 62%, of new renewable capacity was cheaper than new fossil fuel-fired generation in 2020

DATACRUNCH: Central banks hike rates in the fight against inflation

Ben Aris in Berlin June 22, 2021

The economies of Central and Eastern Europe (CEE) are bouncing back from the pandemic recession but this will also stimulate inflation, posing a dilemma for central banks.

Central European monetary policymakers set to raise rates this week

bne IntelliNews June 21, 2021

Hungarian and Czech central banks could be first in EU to raise rates despite ongoing pandemic.

Polish CPI grows 4.7% y/y in May

Wojciech Kosc in Warsaw June 16, 2021

Annual growth rate picks up 0.4pp versus the revised annual reading in April.

International banking groups look to expand in Central and Southeast Europe despite pandemic

Clare Nuttall in Glasgow June 14, 2021

International banking groups remain committed to the region, with their strategies tilted towards expansion or stability despite the coronavirus pandemic, EIB survey shows.

ING: So what is a greenium and how do we get to it?

bne IntelliNews June 11, 2021

The existence of a "greenium" is mostly justified by higher demand for green bonds. We estimate the greenium for each curve separately, ensuring it is not polluted by other factors such as sector or maturity.

Poland's PKN Orlen bulks up to play in the big league

Wojciech Kosc in Warsaw June 10, 2021

As part of the company’s PLN140bn investment drive by 2030, Orlen plans getting into offshore and onshore wind, solar energy, as well as energy storage.

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.

COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next

Otilia Dhand of Teneo June 10, 2021

Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.

bneGREEN: IEA calls for $1 trillion of annual investment into clean energy in developing economies

Richard Lockhart in Edinburgh June 9, 2021

Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.

ING: The corporate premium in green finance

Padhraic Garvey is ING’s Regional Head of Research in New York, Benjamin Schroeder is a senior rates strategist at ING in Amsterdam June 9, 2021

There is a cost saving to issuing Green. It varies according to circumstances, but the baseline assumption now is for green yields to be below vanilla ones; not by much, but it's persistent enough.

bneGREEN: European Commission provides €1bn funding boost for 72 Green Deal research projects

Richard June 6, 2021

The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.

Bulgaria has worst air pollution in the EU, Eurostat says

bne IntelliNews June 4, 2021

Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.

bneGREEN: Coal bandits

bne IntelliNews June 4, 2021

The IEA has said that the road to net zero by 2050 is “narrow but still achievable,” so long as there is no more investment in new coal projects, in order to limit global warming to 1.5C.

Central Europe set for interest rate hikes, predicts Capital Economics

bne IntelliNews June 3, 2021

Central Europe is facing a prolonged period of higher inflation that is likely to lead to significant interest rate hikes.

bneGREEN: Surging iron prices are driving up carbon costs for the producers

bne IntelliNews June 3, 2021

Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.

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